NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN OR HONG KONG OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Company Announcement No. 1136
DSV A/S to raise DKK 37.3 billion through the issuance of new shares in an underwritten directed issue and private placement to certain institutional and professional investors through an accelerated bookbuilding process.
The Board of Directors of DSV A/S (“DSV”) has today resolved to launch an offering of new shares in DSV (the “New Shares”) at market price to raise DKK 37.3 billion (approx. EUR 5 billion) (the “Offering”). The Offering will begin immediately and will be executed through an accelerated bookbuilding process.
Background for the Offering and use of proceeds
On 13 September 2024, DSV announced that it had entered into an agreement to acquire Schenker AG and its affiliates from Deutsche Bahn in an all-cash transaction. The transaction values Schenker at EUR 14.3 billion (approx. DKK 107 billion) on an Enterprise Value basis. The acquisition of Schenker is a transformative transaction for DSV, creating a world-leading player within the global transport and logistics industry. Together, DSV and Schenker will have a combined revenue of DKK 293 billion (based on pro-forma 2023 full-year financials), and a joint workforce of around 147,000 employees across more than 90 countries. The combination of the two businesses will create economies of scale and provide a unique offering for our customers, with the addition of highly skilled employees, an enhanced global network, comprehensive solutions and digitalised products and services. The Board of Directors of DSV, the Supervisory Board of Deutsche Bahn and the German Federal Ministry for Digital and Transport have approved the transaction and closing is expected in Q2 2025.
The net
